Top 10 Cars No Insurance Company likes to Cover
The well-worn cliché goes like this: “Fast, cheap, and reliable – pick two.” As it turns out, the conventional wisdom extends to auto insurance, as a recent report by Insure.com revealed 10 cars that insurance companies love to cover — and 10 they hate.
The independent insurance website analyzed data from six different insurance companies covering 1,500 models and found that the Jeep Wrangler is the cheapest car to insure in the U.S., with owners paying an average $1,134 a year per premium. While the Wrangler remains a fantastic “go-anywhere” kind of truck that offers great value-to-fun ratio, one thing it isn’t is fast.
In contrast, all 10 of the most expensive cars to insure are very fast, and they all cost at least twice as much to insure than the Wrangler. Surprisingly, German automakers dominate the list, taking eight of the 10 spots, with cameos by an American and Japanese automaker, and nary an Italian in sight. While impressive power is a big reason for these astronomical premiums, technology, use of specialty materials like aluminum and carbon fiber, and the price of replacement parts also play a huge role in premium costs.
So cars that are fast, expensive, and made of exotic materials are expensive to insure. This shouldn’t come as a surprise to most, but some of the cars on the list (and some that didn’t make it) may surprise you. Without further ado, here are the 10 most expensive cars to insure in America.
10. Mercedes-Benz CLS63 AMG 4Matic
When the CLS-Class was first introduced back in 2004, its graceful, coupe-like profile became a styling touchstone for a new generation of sport sedans. Over a decade later, the CLS remains just as striking, and Mercedes’s AMG tuning department has done a fine job giving it some added performance to go with its looks. The all-wheel drive CLS63 AMG has a twin-turbo 577 horsepower V8, a zero-to-60 time of 3.6 seconds, and one hell of a hefty insurance premium, with an average of $2,972 a year being the norm.
9. Mercedes-Benz E63 AMG 4Matic Wagon
Since its introduction in 2014, the latest generation E63 wagon has been one of the most insane performance cars in the world. Beneath the unassuming guise of a sensible all-wheel drive station wagon lies a hand-built 5.5-liter twin-turbo V8 that makes 577 horsepower and rockets the family hauler from zero to 60 in just 3.6 seconds. With a top speed of 186 miles per hour, it might be the ultimate sleeper at the track, but its sedate exterior won’t fool insurance companies. The average cost to insure this “superwagon” is typically around $3,042 a year.
8. BMW M6 Convertible
Introduced in 2012, the latest-generation BMW M6 is one of the best driver’s cars in the world. With an intoxicating combination of luxury and blinding speed on tap, the M6 is that rare performance car hat trick: It’s available as a coupe, convertible, and a sedan, and all of them are fantastic. Its 560-horsepower twin-turbo V8 rockets the car from zero to 60 in 4.3 seconds, and is the most powerful engine ever installed in a production BMW. If you really want one (and you know you do), be prepared to shell out $3,115 a year to keep it on the road.
7. BMW 760Li
The 760Li is the top-of-the line BMW, and with good cause. Loaded with the same tech and luxury accouterments that come on the “base” 750 (we use that term lightly), 760 owners shell out an additional $50,000 for BMW’s incomparable 6.6-liter twin-turbo V12 engine. The big Bimmer has long played second fiddle to the Mercedes-Benz S-Class in the sales department, but its its 535-horsepower powerplant rockets the two-and-a-half ton car from zero to 60 in just under 4.5 seconds, making it arguably more fun to drive. This combination of luxury and speed doesn’t come cheap — and neither do replacement parts. Expect to pay $3,147 to keep it insured.
6. Porsche Panamera Turbo Executive
Polarizing looks be damned, the Panamera is one of the best performance sedans in the world. With a big 4.8-liter V8 under the hood good for 520 horsepower, the Panamera Executive offers Porsche speed and handling with luxurious seating for four. Prices for the Executive start at $161,100, but with Porsche’s notorious á la carte options list, prices can quickly surpass the $200,000 mark. With the Panamera, you can expect a zero-to-60 time of around four seconds, a top speed of 189 miles per hour, and an average annual insurance bill for $3,174.
5. Audi R8 5.2 Spyder Quattro
You may not know it by its name, but the 5.2 in R8 5.2 Spyder Quattro is the 520 V10 powerplant that began life in the Lamborghini Gallardo. That engine has been carried over for the refreshed 2017 model, and can still hold its own against the world’s best. Audi’s ultimate Teutonic supercar comes at a price though, as R8 Spyder owners spend an average of $3,206 a year on insurance on top of the car’s $160K-plus price tag.
4. Porsche 911 Carrera S Cabriolet
For millions, the Porsche 911 is the ultimate sports car, and its combination of speed, handling, and looks have made it an icon for over 50 years. The Carrera S may not be the fastest or most expensive 911 Porsche sells, but its 4.3-second zero to 60 time, 186 mile per hour top speed, and 400-horsepower flat-six engine make it no slouch either. All that and an open-top makes the Carrera S Cabrio one of the most desirable cars on the road. It also makes it the most expensive to insure. Expect to fork over $3,216 a year for the privilege of owning one.
3. Dodge SRT Viper
The Viper is the lone American on the list, and with good reason. For over two decades, the Viper has focused on straight line speed and power, and has earned its reputation as one of the hardest to handle cars on the planet. With its 645-horsepower V10, the Viper rockets from zero to 60 in the low 3-second range, and has a hand-built lightweight body. But all that power and exclusivity comes at a cost: Blistering power and notoriously expensive replacement parts give the Viper one of the priciest insurance premiums out there. Expect to pay an average $3,318 if you want to keep a Viper on the road — and that’s a big “if.”
2. Mercedes-Benz SL65 AMG Convertible
Tracing its roots back to the iconic SL cars of the 1950s, the modern day SL-Class Mercedes is a luxurious and capable grand tourer — at least until AMG gets a hold of it. On top of suspension and aerodynamic upgrades, the SL65 has a 621-horsepower twin-turbocharged V12 crammed under the hood, taking the car from zero to 60 in 3.9 seconds. Even though its top speed is electronically limited to 186 miles per hour, it’s more than enough to make the SL65 the second-most expensive car to insure in the United States. At $3,573, the Mercedes may cost an arm and a leg to keep on the road, but there’s one car that’s more expensive, and it beats the SL65 by just a dollar.
1. Nissan GT-R Nismo
The Nissan GT-R has been one of the most dominant supercars since its introduction in 2007, and thankfully, age hasn’t mellowed it at all. In 2015, Nissan raised the stakes by releasing the Nismo editon GT-R, which pairs the 3.8-liter twin-turbo V6 with a special track-focused Nismo suspension to better help its 600 horsepower get to all four wheels. Exclusive 20-inch wheels and carbon fiber accents add nearly $50,000 to the GT-R’s already hefty base price, and all those go-fast parts make a difference to the insurance companies, too. Expect to pay an average $3,574 a year to drive one of these rare birds, and even more for the refreshed 2017 version.
Along with make and model, age, gender, and location also have a major effect on insurance costs. Even though the high prices cited by Insure.com are averages, the cost of premiums vary wildly from state to state. A recent study by insurance company CoverHound found that drivers in New York pay 356% more for car insurance than drivers in Idaho. Some people will always pay a premium for speed, and this list proves that the high cost of ownership doesn’t end once the car is paid off. Still, with cars like these, almost any cost would make it all worthwhile.